A key challenge facing IoT developers and adopters is the complexity inherent in creating and managing IoT applications. IoT platforms are software and services that reduce this complexity by abstracting away from developers and users many of the horizontal features and functionality common to IoT applications across a range of use cases and verticals. However, there are hundreds of IoT platform vendors currently. This intelligence service sizes and forecasts the IoT platform market, and provides an assessment of the strategic issues and trends impacting the market.